Real Estate In Mount Prospect is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.09 months supply of inventory on the market in Mount Prospect on December 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Mount Prospect last month was 38 days.
It took on average 43 days to sell Mount Prospect Condo, Townhouse or a Duplex.
The number of home sales in Mount Prospect from November 1, 2018 through November 30, 2018 was 34 units. That is 1% above the number of homes sold last month in Mount Prospect.

The average price per square foot in the area is now $163/Sq.Ft, which is 6% a decline from last month.



In Mount Prospect there were 10 units sold in November in the price range between $103,000 – $187,597 with an average of 1.9 bedrooms and 1.4 bathrooms and average Square footage of 1,128SF.

In Mount Prospect there were 19 units sold in November in the price range between $187,598 – $366,096 with an average of 3.3 bedrooms and 2.2 bathrooms and average Square footage of 1,656SF.

In Mount Prospect there were 5 units sold in November in the price range between $366,097 – $460,000 with an average of 4.2 bedrooms and 2.5 bathrooms and average Square footage of 3,027SF.

The low price range had the most activity. Homes up to $187,597 were on the market on average 41 days and sold an average of $145,740.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Mount Prospect. Search all Mount Prospect homes for Sale on propertyup.com If you are considering viewing Mount Prospect, you may want to do so now!

Mount Prospect
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$308,011
$307,818
Median Sales Price
$289,762
$272,194
Month supply of inventory
5.9
5.1
Market Time Detached
29 days
38 days
Market Time Attached
30 days
43 days
Inventory
365 properties
313 properties
Low price range
$90,000 – $189,881
$103,000 – $187,597
Low price range market time
31 days
41 days
Low price range units sold
0
10
Low price range bedrooms
1.6
1.9
Low price range bathrooms
1.3
1.4
Low price range approx sqft
985 SF
1,128 SF
Mid price range
$189,882 – $444,880
$187,598 – $366,096
Mid price range market time
27 days
43 days
Mid price range units sold
35
19
Mid price range bedrooms
3.3
3.3
Mid price range bathrooms
2
2.2
Mid price range approx sqft
1,687 SF
1,656 SF
High price range
$444,881 – $600,000
$366,097 – $460,000
High price range market time
45 days
26 days
High price range units sold
6
5
High price range bedrooms
3.8
4.2
High price range bathrooms
2.7
2.5
High price range approxsqft
2,815 SF
3,027 SF